IREN Limited $IREN is Situational Awareness LP’s 6th Largest Position

Situational Awareness LP grew its holdings in IREN Limited (NASDAQ:IREN) by 20.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,700,621 shares of the company’s stock after buying an additional 1,480,200 shares during the period. IREN comprises about 6.0% of Situational Awareness LP’s portfolio, making the stock its 6th biggest holding. Situational Awareness LP’s holdings in IREN were worth $328,622,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Centaurus Financial Inc. increased its holdings in shares of IREN by 1.1% in the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock valued at $1,477,000 after purchasing an additional 332 shares during the period. Larson Financial Group LLC increased its holdings in shares of IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after purchasing an additional 335 shares during the period. Vise Technologies Inc. increased its holdings in shares of IREN by 7.9% in the 4th quarter. Vise Technologies Inc. now owns 5,780 shares of the company’s stock valued at $218,000 after purchasing an additional 424 shares during the period. Miller Wealth Advisors LLC increased its holdings in shares of IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in shares of IREN in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IREN shares. The Goldman Sachs Group set a $50.00 target price on IREN in a report on Wednesday, May 27th. Sanford C. Bernstein set a $96.00 price objective on IREN in a report on Thursday. Freedom Capital upgraded IREN to a “hold” rating in a report on Wednesday, April 1st. Weiss Ratings upgraded IREN from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, Wall Street Zen downgraded IREN from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.62.

IREN Trading Down 12.1%

NASDAQ:IREN opened at $54.35 on Friday. The company has a market capitalization of $19.42 billion, a P/E ratio of 113.23 and a beta of 4.22. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The stock’s 50 day moving average price is $49.82 and its 200 day moving average price is $46.60. IREN Limited has a 52 week low of $9.08 and a 52 week high of $76.87.

IREN (NASDAQ:IREN) last announced its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The company had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. On average, research analysts forecast that IREN Limited will post -1.17 EPS for the current fiscal year.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: B. Riley raised its price target on IREN to $96 from $88 and kept a buy rating after the company secured a transmission connection agreement for its planned 800 MW data center campus in South Australia, reinforcing optimism around its AI/data center expansion. B. Riley raises IREN price target to $96 after 800 MW South Australia data center agreement
• Positive Sentiment: Coverage on IREN highlighted the company as an “AI powerhouse in play,” reflecting growing investor interest in its pivot toward AI cloud and data center infrastructure rather than just bitcoin mining. IREN Limited: An AI Powerhouse In Play
• Positive Sentiment: Reuters reported that several crypto/data center projects in Texas failed voltage tests, which could underscore the value of IREN’s stronger grid-planning and transmission agreements for future expansion. Texas grid flags risks as data centers, crypto sites fail voltage tests
• Neutral Sentiment: Recent articles noted IREN’s shares had already rallied sharply in May after first-quarter earnings and a new partnership with Nvidia, but some investors are now questioning whether the move has gone too far. Why IREN Limited Rallied Almost 40% in May
• Negative Sentiment: Crypto-linked equities weakened amid a renewed bitcoin pullback, and IREN was cited as one of the names sold off on that move; the stock is still sensitive to bitcoin swings despite its AI transition. IREN slides 5.7% as crypto-linked equities weaken amid renewed bitcoin pullback
• Negative Sentiment: Market commentary also pointed to profit-taking after IREN’s strong multi-month run, with concerns about bitcoin mining revenue volatility, impairment charges, and competition in AI data centers. IREN Stock Rises 60% in 3 Months: Time to Hold or Book Profits?

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.